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Supply chain risk management in 2017

Kinaxis

The 2010 volcanic eruption in Iceland. For example, travel was halted all together as a result of the 2010 Eyjafjallajökull volcano. Well, it got a lot worse. The 2011 Tōhoku Earthquake and Tsunami. Yes, there have been natural disasters before.

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Resilience and Agility in Supply Chains: Navigating Change in a Dynamic World

The Logistics & Supply Chain Management Society

Similarly, during the 2010 volcanic eruption in Iceland, which disrupted air travel across Europe, fashion retailer Zara showcased its agility by rapidly adjusting its distribution network to ensure timely delivery of products to customers.

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Molex Prizes Agility

Logistics Viewpoints

The 2010 Eyjafjallajökull volcano eruptions in Iceland, for example, caused enormous disruption to air shipments across Western Europe. Molex Realizes it Needs Better Visibility. Based upon the complexity and interdependencies of this supply chain, “we had an intense need for in-transit visibility”, Mr. Eberle said.

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Reflective Thinking: Complexity

Logility

According to Gartner’s August 10, 2010 report, SKUs are Driving Complexity Into Your Supply Chain and Profitability Out of Your Bottom Line”, supply chain executives often cited item proliferation as a top driver of complexity. Internal risks can range from product quality to the integrity of information.

Gartner 100
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Supply Chain Resilience Core Capacities

MIT Supply Chain

For example, the 2010 Eyjafjallajökull volcano eruption in Iceland caused a primary loss of freight transportation capacity, but that loss also robbed many companies of supply capacity. The matrix describes the general nature of disruptions, and in most cases depicts mainly local impact areas.